Quantum computers are devices that use quantum logic for universal computing. Unlike traditional computers, the object of quantum computing to store data is quantum bits, which use quantum algorithms to manipulate data.

“President Xi has declared that core technology cannot be bought or be begged for. The innovation of technology requires a road not taken. Xi called for courage to explore the uncharted courses and realize the goal that key and core technologies are self-developed and controllable. The initiatives of innovation and development must be securely kept in our own hands.” ---- A CCTV journalist has quoted the speech of president when he summed up in the program of Xiamen Tungsten Industry Development.

Chinese rare earth prices are unchanged from previous trading day on unclear outlook and rare positive news. Affected by weak demand in terminal market, trading activity is slow and sellers reduce prices to move materials in some region. International rare earth prices are falling by 3% to 4% from last month, Japanese media reported.

The latest price of europium oxide, praseodymium oxide and praseodymium neodymium oxide is unchanged from the previous trading day amid lackluster demand and quiet policy side. The Chinese rare earth market is slow this week, with prices stability and trading activity limited. market participants wait and see the newest policy for purchasing and storage.

Chinese molybdenum prices maintain stability on Thursday August 9, with the end of steel tenders and more risks by high prices. Manufacturers decline their offer levels to foreign buyers, although supply tightness of raw materials and production costs give strong supports. Production has not yet recovered completely as most mines are shut down to undergo repair. And muted demand drags upstream market down.

The new round of guide prices were released by large tungsten enterprises earlier in this week, further pressing down Chinese tungsten prices. Considering weakness in terminal demand and thin trading, insiders are generally negative about the outlook.